Stocks are hot again, but as in 2000, not all of them are reaping the benefits.
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A reporting 'glitch' could revise previous payroll data dramatically lower -- to the tune of more than 820,000 jobs 'lost.'
Wall Street doesn't take kindly to mistakes. That's because confidence is paramount to the market, and investors need openness and honesty in the numbers to have faith that their money isn't part of a Ponzi scheme or in some Nigerian prince's bank account.
A company that misstates earnings or sales even accidentally is severely punished as doubt eats away at investors like a cancer. So just imagine what it would mean for the market if the broader economic figures we've been given have been calculated with fuzzy math -- and that government statisticians have been off in their numbers as far back as 2008. The word "crash" is just one of many ugly words that come to mind.
This could be the exact scenario we will face Friday with the latest payroll numbers. According to recent reports, such as this great one with interactive graphics from Bloomberg, the Labor Department may revise previous payroll data dramatically lower -- to the tune of more than 820,000 jobs "lost." From April 2008 to March 2009, it appears the labor market was in much worse shape than Uncle Sam admitted at the time.
Yes, the latest unemployment numbers are disappointing. But other economic indicators show a recovery on track.
Take a deep breath, guys.
With all the hyperventilating about Thursday's disappointing initial claims for unemployment numbers, you'd think that everyone has forgotten that unemployment is a lagging indicator.
Unemployment numbers will be one of the last economic indicators to improve. Other economic numbers released today show that the economy is about where it was expected to be at this point in the recovery.
From blaming Americans to being slow to apologize, Toyota is bungling its response in every way. With video update.
The company is now in a full-blown crisis, leading many experts to look at how it got into this mess in the first place. And one message is coming across loud and clear: Toyota has been too arrogant.
"For too long there has been a sort of arrogant air at Toyota," said Jean Jennings of Automobile Magazine (video below). "'We can sell all the cars, our cars are reliable, we can sell every one of them.' They don't need PR, and now they do."
Toyota's poor attitude is evident in the way it's handling this mess.
There is a good reason management is shifting strategy. Should investors stick around?
I told you something was amiss at Target. Management does not change strategy without some serious analysis of data and foresight.
In fact, executives are paid big bucks for getting in front of trouble. With years of experience and education, executives must sift through reams of data in order to properly steer the ship.
That is why it pays to listen to management when they set strategy.
Rapid economic growth doesn't happen in a vacuum, and we're only beginning to see the cost of China's success.
China's red-hot growth in 2009 was great for the global economy, and Chinese stocks helped investors cash in big-time. But now that we've turned the page on 2010, we're learning that annual GDP growth of double-digits doesn't happen on its own.
If you want a raw story of the cost of growth, just read a recent Reuters piece about how 30 million "sexually repressed" migrant workers in China's export hub Guangdong are making a mess of things. Local officials are pleading with the government to assist them in an effort to keep rampant STDs under control and help mend the social fabric of the community.
There are very serious consequences coming to roost in the People's Republic right now -- from fears of real estate and stock bubbles to growing social unrest to the specter of hyperinflation.
Because of problems in Lisbon and Athens, Visa's and Cisco's strong numbers will be questioned.
By Jim Cramer, TheStreet
Just giving you the only view that matters these days, the view that makes 2010 so hard: Europe's a mess and a competitive mess that makes people think our house is more in order than we thought.
You sell the stocks of the house that's in the best order.
Carol Bartz will get a big bonus -- if she can keep the company's share price high enough for the next 20 trading days.
By Jim Woods, InvestorPlace
We've heard a lot about big bonuses recently. Banking execs, brokerage bigwigs and AIG all have taken heat for receiving some serious largess from their respective companies.
The public and government officials have been outraged at these bonuses, especially because many of these institutions had to be saved last year by taxpayers. But is there a better way to pay out big bucks?
According to one Wall Street analyst, Yahoo (YHOO) CEO Carol Bartz could be ready to receive a $10 million bonus of sorts -- but only if she can keep the share price high enough for the next 20 trading days.
The technology giant surprises Wall Street with solid earnings as revenue climbs.
The company reported earnings of 40 cents a share Wednesday for the quarter that ended in January (its second quarter of fiscal 2010). That was 5 cents a share better than Wall Street projections.
Tech stocks had already finished strong for the day before Cisco reported. The positive surprise could be enough to keep what was one of the weakest sectors in January on the mend. (For more on the January slide in the technology sector and what it means for the market as a whole, see this recent post.)
NASA could become little more than an air traffic controller, creating huge opportunities for Lockheed Martin.
By Richard Band, InvestorPlace.com
Lost amid the budget battle on Capitol Hill is the fact that Obama's proposed budget effectively killed George W. Bush's dreams to get Americans back on the moon by 2020.
As part of his $3.8 trillion spending proposal, Obama wants to cancel the Constellation program, a bold space exploration program that called for a return to the moon on new spacecrafts and booster vehicles.
According to government documents released on Sunday, Obama's budget instead proposes spending $6 billion over five years to develop a commercial spacecraft that could ferry astronauts into orbit.
LaHood backs off of a suggestion that owners of recalled Toyotas stop driving the cars. What was behind the remark?
But that's what Ray LaHood did on Wednesday, although he later backed off and called his comments "obviously a misstatement." He meant to say that Toyota (TM) owners should take their cars to dealerships for examination. Or so he claims.
How do you mess up something like that? That's a pretty damaging thing to say, even for a company like Toyota, which has already done plenty to damage its reputation. Is there something more nefarious going on here?
The common kiosks frustrate shoppers, but you can make some money by investing in them.
Because I hate waiting, and when I see a long line for a human cashier but no line for the automated checkout, it gets me every time. I hope against hope that I won't have to call for help when the system doesn't recognize a bagged item or when the price scans incorrectly or when I buy wine or when I can't find the darn code for oyster mushrooms. And I'm usually wrong.
So did I cheer, just a little, when one man smashed a kiosk with a crowbar? Ahem. At any rate, these little monsters aren't going away. So how about getting even by investing in them? Investopedia lists some ways.
The world's top automaker takes another blow to its reputation.
By Joseph Woelfel, The Street
Toyota (TM), the world's No. 1 automaker, can't catch a break, as brake problems are now being reported on its popular Prius hybrid.
Toyota has received more than 100 complaints in the U.S. and Japan about brake problems with the Prius, The Associated Press reports.
The international segment is humming. If the US rebounds, you'll have a $98 stock.
By Jim Cramer, TheStreet
Here's the problem with the double-dip thesis: Whirlpool (WHR).
This appliance company is actually emblematic of a host of American corporations that have simply become too international to be considered domestic, and they're doing just well enough internationally that if the U.S. ever kicks in, you're going to pay 14 times a $7 number and have a $98 stock.
Yesterday's quarter was pretty breathtaking, with a business that the Street endlessly wanted Whirlpool to give up on, Brazil, causing a big upside surprise.
The Hollywood post-production facility will join H.I.G. Capital.
A deal has been signed, but official confirmation is not expected until it closes in the coming weeks. Under the agreement, LaserPacific will be affiliated with a family of post-production companies under H.I.G.
"This is a strategic decision to better position Laser while affording Kodak the opportunity to continue to participate in post-production services," David Lanzillo, a spokesman for Kodak, told TheWrap.
The brothers may partner with 2 hedge funds to reclaim the studio they founded in 1979.
In what may be the final dramatic twist for Miramax, the Weinstein brothers are circling their old studio with an eye toward buying it back from the Walt Disney Co.
Two hedge funds have approached brothers Harvey and Bob Weinstein about teaming up to buy the studio, according to an individual with knowledge of the plan.
Such a deal would make some sense. The studio has gone into decline since the Weinsteins parted ways with Disney in 2005, and the parent company has shown little enthusiasm or acumen for capturing the magic that brought indelible films like “The English Patient,” “Pulp Fiction” and “Shakespeare in Love” to American culture.
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For years, Todd Mills pushed Frito-Lay to make taco shells from Doritos. He died from a brain tumor on Thanksgiving.
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[BRIEFING.COM] The S&P 500 shed 0.1%, registering its fourth consecutive decline. Today's session proved to be a bit of a roller coaster ride for stocks as the S&P 500 opened in the red, rallied into positive territory, fell to fresh lows, and regained the bulk of its losses into the close.
For the second day in a row, the early weakness coincided with heavy selling in Europe. In addition, bonds and risk assets were pressured by a better-than-expected ADP Employment report, which ... More
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